Perdoceo Education (NASDAQ:PRDO) Stock Rating Lowered by StockNews.com

Perdoceo Education (NASDAQ:PRDO) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Barrington Research reiterated an “outperform” rating and set a $23.00 target price on shares of Perdoceo Education in a research report on Monday, April 15th.

Perdoceo Education Price Performance

PRDO opened at $18.86 on Thursday. The business has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $17.64. The company has a market capitalization of $1.24 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. Perdoceo Education has a 1 year low of $11.50 and a 1 year high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Equities analysts anticipate that Perdoceo Education will post 2.12 earnings per share for the current fiscal year.

Insider Transactions at Perdoceo Education

In related news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the sale, the chief executive officer now owns 617,367 shares in the company, valued at approximately $10,927,395.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total value of $283,200.00. Following the sale, the chief executive officer now owns 617,367 shares in the company, valued at approximately $10,927,395.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,500 shares of company stock valued at $1,597,350. Corporate insiders own 1.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in Perdoceo Education in the fourth quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in Perdoceo Education in the fourth quarter worth approximately $26,000. AJOVista LLC bought a new position in Perdoceo Education in the fourth quarter worth approximately $81,000. Banque Cantonale Vaudoise boosted its holdings in Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after acquiring an additional 565 shares in the last quarter. Finally, Commons Capital LLC bought a new position in Perdoceo Education in the fourth quarter worth approximately $193,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.